sebi:SO/BM/RK/2024-25/7685
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 15A
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- Spandana Sphoorty Financial Limited
Holding
The adjudication proceedings initiated against Spandana Sphoorty Financial Limited vide SCN dated January 04, 2024 were disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations upon payment of the settlement amount.
Full text
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penalty be not imposed upon it, under Section 15A(b) and 15HB of the SEBI Act, as applicable for the alleged violations of the aforesaid provisions.
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Source: SecMarx — sebi:SO/BM/RK/2024-25/7685. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.